EMS (Emergency Medical Services) Vehicles Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

The market for emergency ambulance vehicles is expected to grow at a CAGR of 10% during the forecast period of 2022 to 2030. The high need for emergency care, rising rates of trauma injuries, and rising government spending on the construction of healthcare infrastructure are the main drivers of market expansion. The rise in traumatic accidents, the number of persons with various chronic diseases, and the ageing population have all contributed to an increase in the demand for ambulance services. Over the course of the projected period, it is also anticipated that the rise in medical tourism and the availability of reimbursement schemes will increase demand for ambulance services. It is anticipated that the steady rise in traumatic accidents will drive market expansion. For instance, the National Health Portal estimates that death of 5 million individuals occurs each year due to injuries.

Increasing Prevalence and Incidence of Cardiovascular Diseases

Congestive heart failure, coronary artery disease, cardiac arrest, and stroke, among other cardiovascular illnesses (CVDs), are on the rise and are accelerating the demand for emergency medical services. According to the British Heart Foundation, one person has a heart attack every three minutes, or about 200,000 hospital visits per year. Additionally, it stated that 40,000 deaths from stroke are anticipated to occur annually in the United Kingdom. Because CVD is one of the top causes of death worldwide and frequently necessitates urgent medical attention, the demand for ambulance services rises. Therefore, it is anticipated that the increasing prevalence of cardiovascular disorders will support market expansion. A significant portion of the population over the age of 60, who often have a reduced immunity level and are more susceptible to neurological disorders, cardiac issues, cancer, and spinal injuries, is also anticipated to have a strong impact on the market's growth over the projected period.

Increasing Geriatric Population

The elderly are more vulnerable to cancer, neurological illnesses, spine injuries, and cardiac issues. For instance, the Department of Economic and Social Affairs of the United Nations projects that by 2050, about 1 in 6 of the world's population would be over 65. Additionally, according to a comparable source, there were 703 million persons over 65 in the world. Therefore, the market is projected to expand as a result of the growing elderly population. Due to improvements in healthcare infrastructure and sophisticated reimbursement practises, medical tourism is also on the rise.

Increasing Investments in Global Emergency Medical Services

In order to offer patients with quick medical assistance, healthcare and medical regulatory agencies around the world are increasing investments in structured emergency medical services. Healthcare companies are deploying the required services and equipment to better meet the needs of patients since patient convenience and quick, prompt services are the primary goals of emergency medical services. EMS vehicles, which are becoming more and more common in hospitals and other medical institutions around the world, are one of the essential parts of emergency medical services. Emergency medical services are receiving the essential financial help from organisations like the World Bank in some areas. The global EMS vehicles market is experiencing revenue growth as a result of the increasing reliance on emergency medical services to assist critical treatment.

Medical Tourism

Because of improvements in healthcare infrastructure and sophisticated reimbursement practises, medical tourism is expanding. Additionally, the market for emergency ambulance vehicles is positively impacted by improvements in healthcare infrastructure, a strong demand for extended care delivery, and a rise in healthcare spending. In addition, according to the Indian Consulate General, India has recently risen to become one of the world's top 6 destinations for medical tourism. Ambulance services may be needed in the trip destination to transfer patients to their location of treatment as a result of the increase of medical tourism. This should accelerate market expansion.

Increasing Vehicle Pricing to Moderately Restrain the Market Growth

The pricing structure of EMS vehicles is influenced by a variety of important elements, despite the fact that EMS vehicles are produced in enormous quantities to meet the expanding demands from the worldwide healthcare business. In the past ten years, producer price indices for essential raw materials such as plastic, aluminium, rolled steel, and resins have risen, and it is projected that this would have a cascading effect on the cost of EMS vehicles. However, the adoption of cutting-edge technology in the automotive industry may have an impact on how much cars and other vehicles, such EMS vehicles, cost. Modern medical technology installed in EMS cars raises expenses, and since healthcare organisations are focusing on customising their EMS vehicles, the cost per EMS vehicle is anticipated to continue climbing in the years to come. Another factor in pricing is regulatory compliance. The international legislation governing motor vehicle safety, as well as the national traffic authorities’ regulations, must be complied with the manufacturers of EMS vehicles. These strict requirements compel manufacturers to maintain the EMS vehicle pricing structure at a high market level. Therefore, it is anticipated that the high cost of the vehicles will restrain market expansion during the forecast period of 2022-2030.

Opportunities to Widen with Increasing Investment in Healthcare Infrastructure

Additionally, the market players will benefit from growing customization demands for emergency ambulance vehicles that incorporate cutting-edge functionalities during the projected period of 2022 to 2030. The growth rate of the market for emergency ambulance vehicles will also be increased in the future by an increase in investments. By allowing paramedical staff to concentrate on providing essential treatment without losing time, the new trend of driverless emergency medical services vehicles can improve the chances of life for victims and patients. Another change that is thought to present a sizable opportunity for the global market for emergency medical services vehicles is the use of drones to transport medical supplies.

Emergency Resuscitation Equipment to Lead the Devices Segment

The emergency ambulance vehicle market by emergency medical products market is segmented as patient monitoring, patient handling, wound care, infection control supplies, personal protection, life support and emergency resuscitation. During the forecast period, the market for life support and emergency resuscitation equipment is anticipated to grow at the quickest rate. The increasing number of emergency visits and the increasing need for life-support equipment are the main drivers of this market's expansion.

Cardiac Care Leads the Application Segment

The market is divided into categories for cardiac care, respiratory care, oncology, trauma injuries, and other applications. Cardiac care led the market in 2021. This segment is also anticipated to grow at the fastest rate during the forecast period. The two main drivers propelling the growth of this market segment are the rising geriatric population and the rising frequency of cardiovascular illnesses.

The increase in COVID-19 patients has also contributed to the recent growth of the ALS market. For instance, as of May 6, 2022, Worldometer estimates that there have been 83,437,158 COVID-19 cases in the United States overall. Patients with COVID-19 require ventilators on a constant basis. Moreover, ongoing cardiac monitoring is necessary if a person has multiple comorbidities. Along with an emergency medical technician, the ALS offers patients constant cardiac monitoring, ventilator support, and care. The sector is therefore anticipated to dominate the market as a consequence of the aforementioned factors.

The market was dominated by the Advanced Life Support (ALS) ambulance services sector in 2021, which also had the highest revenue share at 70%. Over the course of the projected period, it is anticipated that the number of people experiencing cardiac arrest would rise. For instance, according to St. John Ambulance, Canada, 40,000 to 50,000 Canadians experience cardiac arrest each year. Furthermore, the United States experiences about 356,000 out-of-hospital cardiac arrests annually, or roughly 1,000 cases every day, according to the Sudden Cardiac Arrest Foundation.

Hospitals & Trauma Centres are the Largest End Users of EMS Vehicles

Among the end user segment comprising of Hospitals & trauma centres, ambulatory surgical centres, and other end users. Hospitals & trauma centres segment led the emergency medical services vehicle market in 2021. The segment is also projected to grow at the highest CAGR during the forecast period (2022-2030). The main factors influencing the growth of this market segment are the increasing prevalence of chronic illnesses and trauma injuries as well as the increase in investments, finances, and grants made by governments throughout the world for the construction of hospital infrastructure.

Ground Based Emergency Medical Services Lead the Market

In 2021, the ground emergency medical services vehicle led the market and accounted for 50% of total revenue. Vans, pickup trucks, cars, SUVs, and buses are examples of ground ambulances. Increased cardiovascular disease cases in this area are predicted to drive segment growth. For instance, according to the CDC, a cardiovascular ailment claims one life in the United States every 30 seconds. Similar to that, it is anticipated that the growing senior population in this area will fuel segment growth. For instance, the number of Canadians aged 85 and beyond increased by about 12% between 2016 and 2021, according to Statistics Canada. The ground emergency medical services vehicle segment is therefore anticipated to rule the market as a result of the aforementioned causes. Over the projected period, the air emergency medical services vehicle segment is expected to experience the fastest growth with a CAGR of 12%, during the forecast period.

North America Remains as the Global Leader

Due to the rising need for emergency care prior to hospitalisation and the rising number of emergency cases in the region, North America dominates the market for emergency ambulance vehicles.Strokes and cardiovascular emergencies have become more common over time in affluent nations like Japan and North America. As a result, EMS vehicle producers in these areas may experience growth prospects. The use of EMS trucks and the consequent rapid delivery of medical care has significantly decreased the frequency of strokes and other urgent medical concerns. As a result, the market for EMS vehicles in North America has experienced increased growth, and manufacturer attempts to support technological advancements in the EMS vehicle manufacturing process have been strengthened. One more reason for the increased use of EMS vehicles on roadways is the rise in traffic accidents around the world.As a result of the automobile industry's in-depth focus on component research and development, North America and Europe have higher rates of technology adoption than other areas. Furthermore, many nations in the region, like Germany and the U.S., have significant levels of medical service penetration.Due to the demand for high-quality healthcare facilities and the rising incidence of traffic accidents in the region, Asia-Pacific is predicted to have considerable increase over the projection period of 2022 to 2030.

Market to Remain Fragmented with Extreme Level of Competition During the Forecast Period

The market for emergency medical services (EMS) vehicles is extremely fragmented, with leading manufacturers present everywhere. With respect to emergency medical service vehicles market key players include REV Group, Toyota, Horton, Nissan, Leader Ambulance, Demers, Fuso, Life Line Emergency Vehicles, American Expedition Vehicles (AEV), BAUS AT, Macneillie, Braun Industries, Rodriguez Lopez Auto, BHPL, JSV, Huachen, Auto Group, BYRON (ETT), GRUAU, Osage Industries, First Priority Emergency Vehicles, LencoArmored Vehicle, Excellance and others. Key players in the emergency medical services vehicles product market the key players include GE Healthcare (US), Smith & Nephew (UK), 3M (US), Smiths Medical (UK), Becton, Dickinson (US), Johnson & Johnson (US), B. Braun (Germany), Stryker (US), Medtronic (Ireland), Asahi Kasei (Japan), Cardinal Health (US), Philips Netherlands), Smith & Nephew (UK), 3M (US), Smiths Medical (UK), B. US-born Braun and C. The major companies in this market have been recognised as R. Bard (US). These businesses have a wide range of products with in-depth features and a significant geographic presence.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of emergency medical services (EMS) vehicles market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the EMS (Emergency Medical Services) Vehicles Market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

By EMS Vehicle Type (2020-2030; US$ Mn)

• Ground based
• Vans
• Cars
• Motorcycles
• Others
• Air Based
• Water Based

By Application (2020-2030; US$ Mn)

• Cardiovascular Disorders
• Injury from trauma/Wound care
• Respiratory Assistance
• Oncology
• Others

By Medical Equipment/Devices (2020-2030; US$ Mn)

• Emergency resuscitation and life support systems
• Patient Monitoring Systems
• Cardiac Monitors
• Hemodynamic Monitors
• Neurological Monitors
• Respiratory Monitoring Devices
• Temperature Monitoring Devices
• Microelectromechanical Systems (MEMS)
• Prenatal and Neonatal Monitors
• Disposables
• Wound Care Products
• Patient handling tools
• Supplies for infection control

By End User(2020-2030; US$ Mn)

• Hospitals and Trauma Centres
• Ambulatory Surgical Centres
• Other End Users

Region Segment (2020-2030; US$ Mn)

• North America
• U.S.
• Canada
• Europe and UK
• UK
• Germany
• Spain
• Italy
• France
• RoE
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• RoAPAC
• Latin America
• Brazil
• Mexico
• RoLATAM
• Africa
• GCC
• Africa
• RoME

Global Impact of Covid-19 Segment (2020-2021; US$ Mn )

• Pre Covid-19 situation
• Post Covid-19 situation

Key questions answered in this report

• What are the key micro and macro-environmental factors that are impacting the growth of EMS vehicles market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the EMS vehicles market?
• Which is the largest regional market for EMS vehicles market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving EMS vehicles market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the EMS vehicles market worldwide?

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